Yuan Should Rise in Long-Run, China Professor Writes in Daily

Aug. 10 (Bloomberg) -- Most Chinese policy makers agree
that the yuan should rise in the long-run due to rapid
productivity growth and structural imbalances, Huang Yiping, a
professor of economics at Peking University’s China Center for
Economic Research, wrote in a commentary published in today’s
China Daily newspaper.

A steady revaluation of the yuan is needed by China’s
changing economic conditions, Huang wrote. It is “reasonable”
to expect an average rise in the yuan of about 5 percent a year
against a basket of currencies, Huang wrote.